Member Info for wealdpwr

No Postalot, as I have said before, finance is not your forte, clearly.

The 900K has to be paid back and the result is the same. RIvefort converts and your shares are diluted - either the company pays with revenue (which they don't have) or the shareholders. In the end , shareholders pay either way. You seem to think 'conversion' is free. Good night and pls DYOR and GLA .

On 31 JAN you wrote in reference to the burn rate:

“So cash out: £1m or, on average, £250k per month.”

Now subtract 900K for Riverfort loan….from your 2.85M

1.95M

That’s 8 months of cash at most…they will have to dilute the shares/fundraise in 6 months tops as they won’t have any revenue . They have to pay salaries and for two projects. I would think salaries are most of that 250K figure you cited.

It is the burn rate that matters not the cash on hand. Not the pretty picture you insist, I'm afraid.

GLA/DYOR

Steptoes /Charlie London

No surprise you are offended by the question because the answer may be distastefully detrimental to ramping shares. I'm not offended by your question, which does not help shareholders. Here is the answer: Angus is 'wealdfeeble'. Look at the share price.

I wonder whether Lord Lucan even answers the questions himself? How unmanageable can they really be for a man of his pedigree, unless you pay someone else to do it. Or not care . Can he even focus on the company if he has to deal with family matters?

Investors have no assurance he is in command.

Postalot

Looks like they deleted LLTM's silly post as well, the one I responded to. . Shame, I must of hit a nerve.
Carry on (with the ramp-a-thon). Good night.

Why then did they pay Leningas for his share of the field ? What did ordinary shareholders get?

Steptoes / CL

Do you feel you need to respond to everything ? I wonder why. As in this case as all others, what are you afraid of? There is not a single post suggesting anything dodgy happened - except for the knee jerk reaction by rampers .

There are plenty of posts by private investors calling for responsible management action and for the loan to be repaid given it is the proper and professional course of action. Now I'm sure we will hear about granularity from the new ramping cohort. Given there are no facts that make ANGS investable, granularity is all that is left. Investors would love Lord Lucan to prove this is not a lifestyle company, nor that he is a lackey of JTP - rampers obviously included.

Please save your faux indignity about narrative for when you have facts. If you think mate's rates are dodgy then so be it.

Bottom line, if they can't be bothered to make an employee pay interest on investor money, it says a lot more about the company than anything written on this board.

Steptoes / Charlie London.

Your ramping and insults reveal it all. You have made it clear repeatedly facts and intellect are not your cup of tea. Sigh.

Postalot

How is 200,000 in full? Your figure does not include interest. The RNS made no mention of any interest. The facts are JTP has only paid in full the PRINCIPAL.

Same story you used before getting thrown off the board. No one , unlike yourself , is attacking investors. You are not pleased by their rejection of your ramping.

1. Is ANGS investable? No
2. Will ANGs rebound soon ? Investor will not have a clue until the end of 2020.
3. Where is the PR from ANGs ? Only on this BB.
4. Why is it only on this BB? See answer #1

I sense desperation on this board. Our new posters defending Lord Lucan and JTP as if they’re just victims of mean posters! Yet they ignore fact after fact. Talk about deflection. It is desperation when your surrogates blame everyone else and have no care for accountability or facts. . I say surrogates because given their short history and these facts, they are far from objective . They cover their agenda up with naïveté or repeating falsehoods. IMO they are paid posters , notably their targeting of other investors is disproportionate. For newbies why would you see so much value in a company where the share price has dropped precipitously and it’s running short of cash.
And if you read these surrogates writings it is all due to a few bad apples on this BB. The share is undervalued they claim. Undervalued by dreamers and those with a gambling problem, perhaps?

If Lord Lucan needs to raise funds, which he obviously does for keeping the lights on, due to the length of time from his last raise, lack of revenue and expenses, let’s hear from him. Notice when I say this , surrogates get angry which I find telling.

Comprehensible? Sure... it is the English language. Neither comprehensive or accurate as you are using it. Most importantly, this discussion is moot given nothing is being produced.

But in this case , there are only two assets. Hardly worthy for a real market analyst.

Yes, but that assumes you are performing a proper valuation - and generally used for trade sales. Nor is it considered a goto figure ,IMO.

No, I have not. As I have told you multiple times Postalot, you fail to understand the meaning of NPV and how Lord Lucan is using it. And as I have said before, I'll let you sort out why . But it is obvious to anyone who understands finance.

NPV has nothing to do with market cap in this context - let alone any proper application.

Unfortunately you do make stuff up. Steptoes did you give the entire quote or the source? No.

Here is what Vonk actually said on your link: "Each 100 Barrels you produce delivers an income of approx 1.6 million per year. O&G historically have been valued between 15x-25x PE multiple , of implied market cap of 25m 40m pounds. At the moment we are valued at 30 million pounds, there is a disconnect. "

You wrote :

As would be an injector well, but the necessary capex would all be factored in to any NPV calculation we eventually get from Angus. Not Vonk's "£25-40m per 100bpd"

NPV are Market Cap are quite different. So are the facts v. made up drivel .

Carry on.

Cheers, H I S

Steptoes

As I suspected, you are making up the quote. And you don't understand the timeline of ANGS. Further it is doubtful you have read my entire history since you began two weeks ago.

Since March Angs has lost approx 85% of its share value therefore I’m not sure what praise you expect.

Steptoe

Your recent appearance on this BB and views seem quite familiar . Nothing new. Sigh

What is the exact source for your quote “ Vonk’s £25-40m per 100bpd" ?

Lucanista’s blame Vonk yet we all know it is the same team with JTPs hand picked choice Lord Lucan. The record is quite clear the BOD left given JTP’s shenanigans.

Btw where is Lord Lucan? Shareholders should see a real interview laying out the new year. Yet the only info we receive is from paid poster’s here or on their website. All anonymous. I would like to hear views from Lucan himself about “his “company.